D. R. Horton Inc (NYSE:DHI) COO Michael J. Murray sold 2,357 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $45.00, for a total transaction of $106,065.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
D. R. Horton Inc (NYSE DHI) opened at $45.57 on Monday. D. R. Horton Inc has a twelve month low of $30.10 and a twelve month high of $53.32. The company has a debt-to-equity ratio of 0.40, a current ratio of 7.03 and a quick ratio of 0.92. The stock has a market cap of $17,130.70, a price-to-earnings ratio of 15.45, a PEG ratio of 1.22 and a beta of 1.09.
D. R. Horton (NYSE:DHI) last issued its earnings results on Wednesday, January 31st. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.13. D. R. Horton had a net margin of 7.03% and a return on equity of 14.83%. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the prior year, the business posted $0.55 EPS. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. sell-side analysts expect that D. R. Horton Inc will post 3.75 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Thursday, February 22nd. D. R. Horton’s payout ratio is 18.73%.
Several institutional investors have recently modified their holdings of DHI. HM Payson & Co. purchased a new stake in D. R. Horton in the 4th quarter valued at $1,008,000. Banco de Sabadell S.A purchased a new stake in D. R. Horton in the 4th quarter valued at $7,023,000. MetLife Investment Advisors LLC purchased a new stake in D. R. Horton in the 4th quarter valued at $5,393,000. Element Capital Management LLC purchased a new stake in D. R. Horton in the 4th quarter valued at $28,543,000. Finally, Macquarie Group Ltd. raised its position in D. R. Horton by 5.9% in the 4th quarter. Macquarie Group Ltd. now owns 379,554 shares of the construction company’s stock valued at $21,075,000 after purchasing an additional 21,123 shares during the last quarter. Institutional investors and hedge funds own 81.87% of the company’s stock.
DHI has been the subject of several analyst reports. Wells Fargo & Co reiterated an “outperform” rating and set a $62.00 price target (up previously from $41.00) on shares of D. R. Horton in a report on Monday, October 23rd. They noted that the move was a valuation call. UBS Group initiated coverage on shares of D. R. Horton in a report on Wednesday, October 25th. They set a “buy” rating and a $50.00 price target for the company. Mizuho reiterated a “hold” rating and set a $38.00 price target on shares of D. R. Horton in a report on Friday, October 27th. Citigroup boosted their price target on shares of D. R. Horton from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. Finally, Buckingham Research boosted their price target on shares of D. R. Horton from $39.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. D. R. Horton has a consensus rating of “Hold” and a consensus target price of $52.69.
D. R. Horton Company Profile
D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.
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